Disgraced Wells Fargo CEO Should Not Receive a Golden Parachute

Statement of Robert Weissman, President, Public Citizen: Wells Fargo fired more than 5,000 employees who, under pressure to meet unrealistic “cross-selling” targets, created millions of sham consumer accounts. It is right that the man who ran the company while it perpetrated a multi-year consumer fraud of epic proportions is receiving the same treatment. Those fired employees didn’t receive golden parachutes, and CEO John Stumpf shouldn’t either.

Source: Disgraced Wells Fargo CEO Should Not Receive a Golden Parachute

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